July 1 – Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to file a Form 5500 or 5500-EZ for the calendar year 2024. Even though the forms do not need to be filed until July 31, you should contact this office now to see if you have […]
July 1 – Time for a Mid-Year Tax Check Up Time to review your 2025 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties. July 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips […]
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both withholding […]
You’ve probably seen the headlines:“IRS funding slashed.” “Audit rates down.” “Staffing cuts.” If you’re a business owner, investor, or part of a high-earning household, you may be thinking: Finally, some breathing room. But here’s the reality:The IRS isn’t pulling back. It’s just getting smarter about who it goes after. The IRS Isn’t Auditing Everyone—Just the “Right” PeopleWith fewer […]
In recent months, legislative activity in Congress has spurred considerable discussion around the proposed One Big Beautiful Bill Act (OBBBA). This article explores the key components of the OBBBA House and Senate versions of the tax bill as deciphered from various Congressional documents and highlights the importance of cautious tax planning given the potential changes […]
In 2025, Brown, Graham & Company, P.C. proudly celebrates a major milestone—70 years of trusted service to individuals, businesses, and communities across Texas. For seven decades, our firm has remained steadfast in our commitment to excellence, client-focused solutions, and a culture built on integrity and professionalism. A Legacy That Began in 1955 Our journey began […]
Texas-Based CPA Firm Reflects on Seven Decades of Client Partnerships, Innovation, and Community Commitment Amarillo, TX — Brown Graham proudly marks its 70th anniversary in 2025, celebrating a legacy of trusted client relationships, professional excellence, and a commitment to service that began in 1955. From its early beginnings as a small-town partnership, Brown Graham has […]